TechnipFMC plc

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7.11
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Debt Financing / Related, Divestitures / Spin-offs, Equity Investments

TechnipFMC Announces Sale Of Stake In Technip Energies N.V.

Published: 09/03/2021 05:03 GMT
TechnipFMC plc (FTI) - Technipfmc Announces Sale of Stake in Technip Energies Nvsale Price of Shares in Sale is Set at EUR 11.15 per Share, Yielding Total Gross Proceeds of EUR 196.2 Million.
Hal Has Agreed to a Lock-up of 180 Days for Its Shares in Technip Energies.
Hal Will First Acquire 8.6 Million Shares From Technipfmc, With Settlement Expected to Take Place in Coming Days.
Technipfmc - Settlement for Remaining 9 Million Shares is Subject to Hal Obtaining Customary Regulatory Approvals and is Expected Early in Q4 of 2021.